These regulate treatment of immovable assets acquired by regulated entities (REs) in satisfaction of stressed loan exposures. RBI stated that REs are ordinarily not expected to hold non- financial assets during normal lending operations, but may acquire such assets in exceptional cases where exposures become non-performing and recovery alternatives are unviable. It is proposed that SNFAs must be recorded at the lower of the net book value of the extinguished exposure or the distress sale value determined by at least two independent valuers. The draft also prescribes a maximum holding period of seven years for disposal of SNFAs and requires regulated entities to make demonstrable efforts to dispose of such assets through public auction following SARFAESI principles.